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UPDATED: 5/7/05
 

**GENERALIZED SYSTEM OF PREFERENCES - NOTICE OF POSSIBLE ELIGIBILITY CHANGES**

The Office of the U.S. Trade Representative has published a notice regarding an early indicator of possible changes in the GSP-eligible tariff headings, based upon competitive need limitations. In the January 31, 2001 Federal Register, pages 8441-8459. The notice contains import statistics for the first ten months of 1998, from which estimates of full-year imports can be made for products potentially subject to change in their future GSP status. Any change for the articles appearing on the enumerated schedules that will occur will be based on full year statistics and will be effective with respect to merchandise entered, or withdrawn from warehouse, for consumption on or after July 1, 2001. The Trade Policy Staff Committee is also inviting pubic comments, due by March 31, 2001, regarding possible de minimis waivers for particular articles. Competitive need limitation on duty-free importations under the GSP would disqualify exportations from a beneficiary developing country (BDC) where the exported quantity of a GSP-eligible article entered in 1999 is either in excess of the overall dollar value or 50 percent of the value of total imports of the eligible article. However, the percentage value limitation may be disregarded if total imports of an article do not exceed a de minimis level. The preliminary lists are useful for planning purposes, particularly for products whose status may change, where shipments and/or entry filings may need to be accelerated or delayed.

As reported by the NCBFAA Monday Morning Briefing 2/12/01

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